A new survey of institutional investors and wealth managers from the United States, United Kingdom, France, Germany and the UAE who currently have exposure to cryptocurrencies and digital assets reveals 82 percent expect to increase their exposure between now and 2023, reported Nickel Digital Asset Management. Four out of 10 say they will dramatically increase their holdings. Only 1 percent said they would sell their entire holdings, and only 7 percent said they would reduce their exposure.
In most cases, institutional investors with holdings in bitcoin and other cryptocurrencies have very low levels of exposure, as many have been testing the market to see how it works.
The main reason given for investing more in digital assets is the long-term capital growth prospects of cryptocurrencies and digital assets — the view cited by 58 percent of respondents. This is followed by 38 percent, who said it is because having some exposure to cryptoassets means they have become